Five insurance companies are set to recover 2.3 million euros ($3 million) from the French government, while Air France will collect 850,000 euros ($1.1 million) as the result of a court ruling in Marseille stemming from the near crash of …
Standard & Poor’s Ratings Services announced that it has assigned its preliminary “BB” senior debt, “BB-” subordinated debt, and “B+” preferred stock ratings to Fairfax Financial Holdings Ltd.’s (FFH) U.S.$750 million universal shelf offering. “FFH has filed this shelf registration …
Standard & Poor’s Ratings Services announced that it has affirmed its “A” long-term counterparty credit and insurer financial strength ratings on Bermuda-based insurer The United Kingdom Mutual Steam Ship Assurance Association (Bermuda) Ltd. (the U.K. Club or the club), with …
The Navigators Group Inc. has announced the completion of a new $125 million credit facility with a syndicate of banks led by JPMorgan Chase. The new financing consists of a $115 million letter of credit facility and a $10 million …
First Niagara Risk Management, Inc., the wholly-owned insurance subsidiary of First Niagara Bank , has reached an agreement to acquire the L.A. Lama Insurance Agency. The acquisition of the Ithaca-based agency, which has an annual premium volume of approximately $7 …
On Jan. 31, Gregg Leo Curwick, of Rancho Cucamonga, Calif., surrendered himself in Bakersfield to investigators from the California Department of Insurance’s Fraud Division and the Kern County District Attorney’s Office. Curwick was taken into custody on a felony arrest …
Venture Programs Inc., a provider in the design and underwriting of select industry-focused insurance packages, has launched a new wholesale division that offers mono-line workers’ compensation coverage for heterogeneous risks outside of Venture’s traditional industry programs. The new division, Venture …
In an effort to try to drive down insurance premiums for doctors, the Georgia Senate has approved tighter rules for people trying to sue doctors for malpractice. According to the Associated Press, the vote came after the state’s largest malpractice …
San Francisco-based Lockton Insurance Brokers, the nation’s largest independently owned insurance broker, has named Roger Whitley, vice president, Claims manager. He will be based in Lockton’s San Jose office. Whitley has managed multi-line risk management and insurance claims advocacy and …
Woodland Hills, Calif.-based Zenith National Insurance Corp. reported net income of $43.7 million, or $1.83 per share, for the fourth quarter of 2004 compared to net income of $20.8 million, or $0.92 per share, for the fourth quarter of 2003. …
